October 1, 2007

La Paz udate October 2007

Posted in Newsletter at 9:20 pm by osmx

La Paz Update October 2007


The La Paz weather has been cooling down a little at night.  Daytime temperatures are still in the mid to high 90’s.  So far no direct hits by hurricanes.  The tropical storm Southwest of la Paz is expected to move on North and maybe hit the Baja around Gurerro Negro, but things will probably change as the weather does.  We are getting some clouds from it and a little humidity.  We have bee hit recently by a series of small earthquakes.  Usually the shakes have been minimal.

The Todos Santos development Real de Santa Ana is well underway on the infrastructure, survey, final grade and model homes.  The price increase on the entry level model homes is about $5000.  Financing is available with good credit.  80% LTV is available.  On a $175,000 home you can get in with a $35,000 down payment. 

Speaking of loans, financing including cashout refinancing is available on several approved developments in the area.  With a credit rating of 680 you can apply for financing at the following approved developments:  Paraiso del Mar on El Mogote, Costa Baja Resorts, Maravia, Colina del Sol La Paz and Colina del Sol in Los Barriles.

Costa Baja is moving along with their next phase of luxury units.  The Beach Club is scheduled to open in November.

La Posada Resort Hotel has opened their sales office and joined the Real Estate Row on the Malecon.  Construction should start in November on the beach front 5 star hotel/condo resort.  The resort is to have a spa and restaurant, pool etc.  I have not seen the plans but I hope they include the beach front palapa bar similar to the one that was there. 

As a reminder title insurance is now available in Mexico for added security of your property purchase.  For more information about financing or buying property in Mexico check out my web site and the LINKS page.  http://osmx.com

Lots of activities starting here this fall.  The snow birds will start arriving this month.  October 2-5 in Jijuana is the Baja California Meeting Point with all the big developers and property owners.  The 5 is Realtor’s day for networking.  About the 28th is the AMPI National convention which is on a cruise ship this year.  The Realtors will visit several tourist destinations in Mexico. 

Holidays to enjoy this month include Canadian thanksgiving, Columbus Day and don’t forget Halloween.

Also daylight savings time changes on the 28th.

that’s about it for this month.  Enjoy.